Consideration

Consideration

Consideration means, under contract law, anything of value exchanged for a promise or for performance that is needed to make an instrument binding on the contracting parties. Without consideration, a transfer may be treated as a gift.

U.S. and other Developed Countries International Tax Meaning

Anything of value, including property, given in return for a promise or performance by another party to form a contract.


Posted

in

by

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *